CFR (applicable to ocean freight)
„Cost and Freight“ means that the seller delivers the goods on board the vessel
or procures the goods already so delivered. The risk of loss of or damage to the goods passes when the goods are on boaed the vessel.The seller must contract
for and pay the costs and freight necessary to bring the goods to the named
port of destination.
CIF (applicable to ocean freight)
„Cost, Insurance and Freight“means that the seller delivers the goods on board the vessel or procures the goods already so delivered. The risk of loss of or damage to the goods passes when the goods are on boaed the vessel.The seller
must contract for and pay the costs and freight necessary to bring the goods to
the named port of destination.